02 JUNE 2021View in Browser
 
 
 
 

This week's primary foreign investment news
from our ASEAN, China, India, Russia, Belt & Road and Vietnam Briefings.
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HEADLINES:   •   China Vaccinates its Expats   •   Optimizing Profit by Intercompany Royalty Payments in China   •   The Greater Bay Area University   •   Diversifying Supply Chains to ASEAN   •   Tax, Accounting & Audit In Vietnam   •   Multilateral Trading Under RCEP   •   Philippines Liberalizes Retail Industry   •   Upcoming EAEU Free Trade Deals   •   India Battery Manufacturing Incentives   •   IFF China 2021 Report

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CHINA
Chinese Embassies Vaccinating Chinese Expatriates for Free
Assistance given to Chinese nationals overseas is in sharp contrast to the official position for other foreign nationals overseas.
 
Optimizing Profit by Intercompany Royalty Payments in China
We discuss the benefits and tax implications behind intercompany royalty payments in China as a profit repatriation strategy for multinational companies.
 
Greater Bay Area University To Be Built In Dongguan: Facts To Know
China wants to develop the GBA University into a leading world-class institution, which would facilitate both the GBA’s development and the country’s Belt and Road Initiatives by attracting and nurturing talent and contributing to research.
 
The International Finance Forum: China 2021 Report
New China Report covers China policy as regards Global Economic Growth, the Belt and Road Initiative, Green Finance, Global Capital Markets and Fintech.
 
ASEAN
Adopting a China+1 Strategy in ASEAN: Diversifying Supply Chains to Minimize Risks
We highlight the main strengths of five major ASEAN economies – Indonesia, Malaysia, the Philippines, Thailand, and Vietnam – that have emerged as attractive alternative production hubs for international investors.
 
New Complimentary Guide: Tax, Accounting & Audit In Vietnam
A complete review of taxes for businesses and individuals in Vietnam, as well as fundamental accounting and audit information in the Vietnamese business context.
 
Philippines Amends Retail Trade Liberalization Act to Attract Foreign Investment
These measures are aimed at attracting greater foreign investment in the retail sector, which before Covid accounted for 23% of the total services industry with a total gross value added of US$20 billion.
 
INDIA
India’s PLI Scheme for ACC Battery Storage Manufacturing
An outlay of US$2.49 billion has been earmarked by the Indian government to the battery production incentive scheme, which is intended to establish manufacturing capacity of 50 Giga Watt Hour (GWh) of ACC and five GWh of Niche ACC capacity.
 
THE BIGGER PICTURE
Multilateral Trading Opportunities Under The RCEP Agreement
The signatory countries to the RCEP – 10 ASEAN countries as well as five non-ASEAN countries, cover nearly one third of the world’s population, one third of the global GDP, and one third of the world’s total exports. The bloc is the fastest growing and most promising investment region in the world.
 
Eurasian Economic Union Plans More Free Trade Agreements
Longer-term benefits – including technology transfer, improved domestic productivity, and a huge China export market that the US and EU are both stepping away could be the key to a long overdue Eurasian boom.
 
 
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UPCOMING EVENTS IN THIS MONTH
 
St. Petersburg International Economic Forum 2021
St. Petersburg | 3-6th June, 2021
 
Recruiting in China 2021: HR Planning and Talent Acquisition (CN中文）
Webinar | Wednesday, June 9, 2021 | 3:00 PM China / 2:00 PM Vietnam / 9:00 AM CET
 
Gateway to Singapore: Guide to Singapore Employment Permits 2021
Webinar | June 10, 2021 | 4:00 PM Singapore / 3:00 PM Vietnam / 9:00 AM UK
 
Go International: Vietnam
Webinar| June 16, 2021 | 3:00 PM Vietnam / 4:00 PM Singapore / 10:00 AM CET
 
Mergers and Acquisitions (M&A) in a Post-COVID World: Part One
Webinar | Thursday, June 17, 2021 | 4:00 PM China / 3:00 PM Vietnam / 10:00 AM CET
 
Vietnam: An Emerging Force in Asia's Microelectronics Supply Chain
Webinar | June 23, 2021 | 9:00 AM Vietnam / 10:00 AM Singapore / 7:00 PM PDT
 
How to Set Up a Factory in Vietnam: From Location to Compliance
Webinar | June 23, 2021 | 1:00 PM EDT / 12:00 PM CDT / 10:00 AM PDT
 
Women in Export - Succeeding in the China Market
Webinar | Thursday, June 24, 2021 | 3:00 PM ASET / 1:00 PM China / 12:00 PM Vietnam
 
ASEAN & China Pharma Markets - Pharmaceutical R&D and Manufacturing
Webinar | June 29, 2021 | 3:00 PM Vietnam / 4:00 PM China / 9:00 AM UK
 
How to Manage Risks in Your China Joint Venture
Shanghai | Seminar | Webinar | July 8, 2021 | 4:00 PM China | 9:00 AM UK
 
 
 
 
 
 
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